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Thursday, 01 December 2022 15:40

Bangladesh wants duty free into US

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Bangladesh wants the US to allow duty-free imports of clothing made from US cotton.

Bangladesh also plans to urge the US to reduce the tariff rate on the import of Bangladeshi-made garments as a whole.Bangladesh will request the US Food and Drug Administration to facilitate the registration process for Bangladeshi drug products and for US technical assistance in building quality certification infrastructure.

On the other hand, the US wants to discuss the provisions of the SEED Act to reduce import duties on tree nuts (walnuts, almonds) in Bangladesh, opportunities for the export of agricultural biotechnology and seeds to Bangladesh, draft data protection law, draft regulations on digital, social media, OTT platforms and other digital systems and intellectual property rights.

Other issues, the US wants to discuss relate to labor rights, such as freedom of association and collective bargaining, safe and healthy working environment, labor rights in EPZs, child labor and forced labor.Bangladesh cannot access US Development Finance Corporation (DFC) funding for private sector energy, healthcare, critical infrastructure and technology projects after the suspension of GSP (Generalized System of Preferences) benefits in the US market since June 2013.

Bangladesh plans to submit a proposal to receive such financing from the DFC.